Binance’s official non-custodial wallet, Trust Wallet, which already provided an interface to the Binance decentralized exchange (DEX), now also offers access to the KyberSwap DEX.
Trust Wallet was launched in November 2017 as a non-custodial open source cryptocurrency wallet app that supported Ethereum and Ethereum-based tokens (ERC20, ERC223 and ERC721).
Binance announced on 31 July 2018 that it had completed the acquisition of Trust Wallet.
Soon after it was acuired by Binance, support for other coins started to appear, and Trsut Wallet turned into a multi cryptocurrency wallet.
Currently, Trust Wallet provides support for 35 blockchains—including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), XRP, Stellar (XLM), Litecoin (LTC), Ethereum Classic (ETC), TRON (TRX), Wanchain (WAN), Dash (DASH), ICON (ICX), EOS, , Kin (KIN), Nimiq (NIM), Aion (AION), Tezos (XTZ), Dogecoin (DOGE), Binance Chain (BNB), Cosmos (ATOM), Qtum (QTUM), and Zilliqa (ZIL)—as well as 20,000+ ERC20-compatible, ERC223-compatible, or ERC721-compatible Ethereum tokens (such as Basic Attention Token or Augur):
KyberSwap is a decentralized ERC20 token swap service that is powered by the Kyber Network protocol. Kyber’s on-chain liquidity protocol “enables decentralized atomic token swaps to be possible everywhere.” It allows “open contribution of liquidity in the form of token assets and simple integration by DApps and projects to leverage the decentralized liquidity pool, enabling a more connected tokenized world where any token is usable anywhere.”
At the present time, Kyber only supports Ethereum tokens. More specifically, KyberSwap currently supports over 70 ERC20 tokens (WBTC, MKR, DAI, BAT, LINK, USDC, ENJ, and KNC).
Trust Wallet’s blog post says that by adding support for Kyber Network protocol, Trust Wallet now has access to this decentralized liquidity pool.
It also says that in order to have true “Multi-DEX” support in the future, the Trust Wallet team will be adding support “for additional protocols to help realize more liquidity.”
Trust Wallet Founder and CEO Viktor Radchenko had this to say:
Our mission is to provide decentralized and trustless access to financial services through a simple and seamless interface. The Kyber Protocol will give all Trust Wallet users more options to instantly trade their assets and tap into a large pool of ERC20 token liquidity. We are always looking ahead and will integrate more projects and protocols within our ecosystem, making crypto more accessible for our users in the process.
All Images Courtesy of Binance
